Traders Sell Kimco Realty Corp. (KIM) on Strength (KIM)
Investors sold shares of Kimco Realty Corp. (NYSE:KIM) on strength during trading hours on Wednesday. $9.60 million flowed into the stock on the tick-up and $34.02 million flowed out of the stock on the tick-down, for a money net flow of $24.42 million out of the stock. Of all companies tracked, Kimco Realty Corp. had the 0th highest net out-flow for the day. Kimco Realty Corp. traded up $0.07 for the day and closed at $30.05
Several equities research analysts recently commented on KIM shares. Barclays PLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Kimco Realty Corp. in a research report on Tuesday, July 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $27.00 price objective on shares of Kimco Realty Corp. in a research report on Sunday, May 22nd. BTIG Research started coverage on shares of Kimco Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $34.00 price objective on the stock. Boenning Scattergood started coverage on shares of Kimco Realty Corp. in a research report on Tuesday, June 28th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kimco Realty Corp. from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Kimco Realty Corp. has a consensus rating of “Buy” and a consensus target price of $30.66.
The stock has a 50 day moving average price of $30.80 and a 200-day moving average price of $29.17. The firm has a market capitalization of $12.62 billion and a PE ratio of 16.83.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.255 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.02 annualized dividend and a yield of 3.39%.
In other news, Director Philip E. Coviello, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $31.17 per share, with a total value of $31,170.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 550 shopping center properties, aggregating over 88 million square feet of gross leasable area (GLA), located in approximately 36 states of the United States, Puerto Rico and Canada.
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